European Nickel and Rusina Mining complete due diligence on merger
March 3rd, 2010
Filed under: Operator - Rusina
European Nickel PLC (AIM, PLUS: ENK) and Rusina Mining (AIM: RMLA, ASX: RML) have announced that the due diligence conditions contained in their Merger Implementation Agreement have been satisfied and accordingly the Scheme of Arrangement transaction is no longer subject to these conditions.
Commenting on this milestone, Simon Purkiss, Managing Director of European Nickel, said, “we are pleased to have satisfied our due diligence requirements on schedule and look forward to a successful close of this transaction in May 2010.”
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